Sentences with phrase «credit asset classes»

LendingClub offers investors access to the consumer credit asset class which, until recently, has historically been available only to banks and large institutions.

Not exact matches

Yet, they continue to favor credit - based asset classes within their portfolios.

A pioneer in the leveraged loan market, the firm has evolved over 25 years, building on its credit expertise and value - based approach to expand into other asset classes.

Our team of credit professionals deliver sales and trading capabilities across a wide range of fixed income asset classes including high yield, distressed and investment grade bonds, convertible bonds, public and private corporate securities, leveraged loans and emerging market debt.

On December 15, 2017, OnDeck introduced the BlackRock - managed fund as the Class B lender under OnDeck's existing asset - backed, revolving credit facility with SunTrust Bank.

Since our founding in 1984, we've applied our insight and experience to organically expand into several asset classes including private equity, credit, public equity, venture capital and real estate.

We also advocate a broader diversification approach that includes adding factor exposures and asset classes such as private credit and real estate.

«Perhaps the biggest issue we have with high yield is that the asset class» performance has been driven over the last several years not by fundamental strength, but by QE and a lack of global yield,» BofAML credit strategist Michael Contopoulos and others said in a note to clients.

Rising U.S. debt supply and the pace of the U.S. Federal Reserve's tightening, the possibility the European Central Bank's quantitative easing program is heading towards the finish line, and concerns about the credit quality of riskier asset classes restrained investors.

The holdings mentioned above comprise the following percentages of the Oakmark Global Fund's total net assets as of 12/31/15: Baidu, Inc. 1.5 %, Alphabet Inc., Class C 4.5 %, The Interpublic Group of Cos., Inc. 3.6 %, Samsung Electronics Co., Ltd. 2.6 %, Daimler AG 3.7 %, Tenet Healthcare Corp. 2.1 %, Credit Suisse Group AG 5.4 %, Chesapeake Energy Corp. 0.5 %, LafargeHolcim, Ltd. 3.2 %, Union Pacific Corp. 2.0 %, Health Net, Inc. 2.7 %, Julius Baer Group, Ltd. 4.0 %, National Oilwell Varco, Inc. 0.7 %, Applied Materials, Inc. 0 %, Grupo Televisa S.A. 0.6 %, MTU Aero Engines Holdings AG 1.4 %, General Electric Co. 0 %, United Technologies Corp. (Pratt & Whitney) 0 %, OMRON Corp. 2.3 %, Franklin Resources, Inc. 0 %, and Nestle SA 0 %.

As of 9/30/11, Societe Television Francaise 1 represented 0 %, Comcast Corp., Class A 4.8 %, Adecco SA 5.3 %, Best Buy Co., Inc. 0 %, Wal - Mart Stores, Inc. 0 %, Amazon.com, Inc. 0 %, FedEx Corp. 4.0 %, G4S PLC 0 %, UBS AG 0 %, and Credit Suisse Group 5.0 % of the Oakmark Global Select Fund's total net assets.

The real question is what will it take in order to put weaker credits under stress if the 3 % psychological level didn't pose major risks for this asset class?

Central bank intervention in global bond markets has «crowded out» many traditional fixed income investors, driving them to seek yield and income from non-traditional and riskier asset classes such as high yield, emerging markets debt, leveraged loans and private credit.

Our return expectations across most asset classes are at post-crisis lows, but we believe investors are getting compensated for taking on risk in equities, selected credit / emerging markets (EM) and alternatives.

As of 9/30/11, Mastercard, Inc., Class A represented 3.4 %, Square Enix Holdings Co., Ltd. 4.5 %, Snap - On Inc. 4.4 %, Adecco SA 2.6 %, Rheinmetall AG 2.4 %, Credit Suisse Group 2.8 %, Apache Corp. 1.8 %, Bulgari SpA 0 %, Sara Lee Corp. 1.4 %, Societe Television Francaise 1, 0 %, Oracle Corp. 4.9 %, UBS AG 0 %, Tenet Healthcare Corp 1.6 %, and Neopost SA 0 % of the Oakmark Global Fund's total net assets.

Both asset classes share similar risk profiles, with a simple distinction between foreign government and domestic corporate credit risk.

As of 6/30/11, Mastercard, Inc., Class A represented 2.6 %, Live Nation Entertainment, Inc. 1.7 %, Intel Corp. 2.8 %, Snap - On Inc. 5.0 %, Sara Lee Corp. 2.0 %, Applied Materials, Inc. 2.0 %, Equifax Inc. 2.7 %, ROHM Ltd. 2.6 %, Hirose Electric Co., Ltd. 3.0 %, Credit Suisse Group 3.0 %, Oracle Corp. 4.4 %, Laboratory Corp. of America Holdings 4.2 %, Bulgari SpA 0 %, Square Enix Holdings Co., Ltd. 3.8 %, Cisco Systems, Inc. 0 %, Texas Instruments Inc. 3.0 %, National Semiconductor Corp 0 %, Tenet Healthcare Corp 1.6 %, Conifer Health Solutions 0 %, Nestlé SA 1.1 %, and Compagnie Financiere Richemont SA 0 % of the Oakmark Global Fund's total net assets.

Now that over $ 5 trillion of sovereign debt (with credit risk rising, not falling) trades with a negative yield, we can fairly overlook bonds as an investible asset class.

Access performance of major fixed income asset classes as well as trends in rates, credit and emerging markets in our quarterly Fixed Income Chart Pack.

We believe investors should consider a broader diversification approach than a traditional bond / equity mix, including adding factor exposures and asset classes such as private credit and real estate.

«Simple Asset Class ETF Value Strategy» (SACEVS) finds that investors may be able to exploit relative valuation of the term risk premium, the credit (default) risk premium and the equity risk premium via exchange - traded funds (ETF).

These strategies each month allocate funds to the following asset class exchange - traded funds (ETF) according to valuations of term, credit and equity risk premiums, or to cash if no premiums are undervalued:

Assuming your RRSP is maxed out, there is one overarching principle to keep in mind when deciding where to hold securities, says Matthew Ardrey, vice-president at Toronto - based wealth management firm T.E. Wealth: «Place the asset class that generates the most tax - efficient income in the non-registered account first, due to the dividend tax credit and capital gains treatment.»

Moving on to non-traditional bond funds, this type of alternative asset class invests in debt holdings but seeks to hedge duration and / or credit risk.

Particularly, in a situation such as that which exists today, where the shadow banking system responsible for much of the last few years of credit expansion is now dramatically contracting outside any possible control of the central banking authorities, there is no alternative but deflationary collapse with a concomitant moon shot in the value of the world's reserve currency v. all other asset classes.

Against this economic backdrop, we believe developed market stocks will advance and investors will be rewarded for moving up the risk spectrum into equities, credit and alternative asset classes.

We believe the fixed income universe is extremely diverse — it can be broadly classified into four key asset classes, namely sovereign, investment grade credit, sub-investment grade credit and cash, each with its underlying sectors.

January's edition looks at — amongst other things — the impact of «tapering», the gradual improvement in the global industrial cycle, fears about China's credit boom and the relative attractions of different asset classes as we enter 2014.

We also advocate a broader diversification approach that includes adding factor exposures and asset classes such as private credit and real estate.

This time - tested process informs long and short positions in sovereign asset classes, such as foreign currencies and sovereign credit markets.

Start with the asset mix of stocks, bonds, and cash and differentiate among company size, style, credit quality or several other criteria within these classes.

The last three asset classes are the ones that have been getting a lot of investor attention lately: investment grade credit, emerging market (EM) debt and high yield credit.

In their view, credit fundamentals are improving for many municipal bond issuers and taxable equivalent yields are attractive relative to other fixed income asset classes.

«Emerging markets high - yield bonds are thus an attractive asset class for the long - term, offering a similarly high yield to US high - yield bonds, but with a lower duration and better credit rating.»

Invests broadly across the floating rate loan market, providing diversified exposure to the asset class and its many sectors, credit tiers and issuers.

High - yield bonds are an equity - like asset class, whose returns are overwhelmingly driven by credit spreads and credit losses, not rates and duration.

This just highlights the risk involved with esoteric asset classes, where the «cheap» way of getting the exposure comes through credit or derivative agreements.

I would add in other asset classes as well: credit default, emerging markets, junk bonds, low - quality stocks, the toxic waste of Asset - and Mortgage - backed securities, and private eqasset classes as well: credit default, emerging markets, junk bonds, low - quality stocks, the toxic waste of Asset - and Mortgage - backed securities, and private eqAsset - and Mortgage - backed securities, and private equity.

In the credit markets, U.S. municipal bonds tracked in the S&P Municipal Bond Index have returned over 1.5 % in June as the diversity, yield, historical stability and quality of the municipal bond market has made it a «risk off» destination asset class.

If only there were an asset class that possessed little (or no) credit risk and had a tendency to outperform when equities tanked?

Another way of saying it is that we can learn more from the shape of the yield curve and credit spreads than by looking at backward - looking estimates of asset class returns.

Additionally, the degree of credit spread movement can vary significantly for different asset classes.

In general, within any asset class, higher credit rated reference obligations will exhibit less credit spread movement than lower credit rated reference obligations.

However, when systemic factors across asset classes are in motion in the securities markets, then there is nowhere to hide, as occurred with the credit crisis.

The basis point change presented in the preceding table, however, represents a fixed basis point change in reference obligation credit spreads across all credit quality rating categories and asset classes and, therefore, the actual impact of spread changes would vary from this presentation depending on the credit rating and distribution across asset classes, both of which will adjust over time depending on new business written and runoff of the existing portfolio.

As, for example, you have an asset — a Class A office building — financed with recourse finance, fully tenanted by credit - worthy tenants; That, for accounting purposes, is classified as a fixed asset, but, given such a building, you pick up the telephone and sell it, and really it's more current than K - Mart's inventories, for example, which is classified as a current asset.

I use the credit cycle, and estimates of what various asset classes are likely to return if they were private businesses, but not everyone can follow that.

EMD investors should be considering their holdings in this light, and non-EMD investors, in our view, should focus on a plethora of 6 % + yield opportunities in solid credits with five - year - or-less maturities in this asset class.

Studies the increasing beta of various asset classes relative to the stock market on the cusp of a credit crisis.

Some of these factors include company performance, call provisions of the specific share class, and the required credit spread of the preferred asset class above risk - free assets.